BMC, Clorox, Tenet, National Semi

ChelseaBellows

SAN FRANCISCO (CBS.MW) -- Among the stocks likely to see active trading in Tuesday's session are BMC Software, Clorox, Tenet Healthcare and National Semiconductor.

BMC
BMC, +0.00%
is seen posting earnings of 14 cents a share for the second quarter; Clorox
CLX, +1.57%
is expected to report first-quarter earnings of 54 cents a share; and Tenet
THC, -1.61%
is expected to report a third-quarter loss of 5 cents a share, according to analysts polled by Thomson First Call.

National Semiconductor
NSM
lowered its fiscal second-quarter financial targets late Monday due to weak demand and high inventory. The company said sales should be between $445 million and $450 million, down almost 20 percent sequentially, compared with a targeted drop of 8 to 10 percent. See full story.

Tuesday's watch list

Aames Investment Corp.'s
AIC, -1.88%
initial public offering of 35 million shares priced at $8.50 each late Monday, according to Dealogic, raising $297.5 million. Last week, the expected price range was cut from $9 to $11 and the number of shares being offered was slashed from 55.5 million. Friedman Billings Ramsey led the deal's underwriting. Shares of the Los Angeles-based real estate investment company are due to start trading on the New York Stock Exchange Tuesday.

AirTran Airways
AAI, +0.00%
that it has reached an agreement with the National Pilots Association related to the company's acquisition of ATA Airline's
ATAHQ
gates at Chicago Midway Airport. As part of the agreement, the pilots approved the use of ATA's aircraft during the transition period at the airport. AirTran separately reported that October traffic rose 16 percent from last year while the airline's capacity increased 18 percent. Load factor fell 1.3 points to 67.8 percent.

Alpharma Inc.
ALO, -4.59%
said that it swung to a third-quarter loss, hurt by charges related to a legal settlement, the write-off of certain inventory and fixed assets, and weak U.S. sales. See full story.

Apac Customer Services Inc.
APAC
said it has signed a multi-year agreement with the New York Times Regional Newspaper Group extending their current partnership.

Fiber optic network equipment provider Avanex Corp.
AVNX
Said that its first-quarter loss narrowed to $22.3 million, or 16 cents a share, from a loss of $27.9 million, or 26 cents a share, in the same quarter last year. Excluding a restructuring charge and other items, the company's loss was $18.7 million, or 13 cents a share, in the latest quarter. Revenue rose to $35.8 million from $18 million. The company said it expects fiscal second-quarter revenue to be about 12 percent higher than the first-quarter figure, equivalent to about $40.1 million.

Bally Total Fitness Holding Corp.
BFT, +1.53%
said it is seeking default waivers from holders of its 10.5 percent senior notes, due 2011, and its 9-7/8 percent senior notes, due 2007. The operator of fitness centers said the defaults result from its failure to file its fiscal second quarter statement with the U.S. Securities and Exchange Commission on time and deliver the statements to the trustees under the indentures.

Bank Mutual Corp.
BKMU
that its board of directors has approved a 5 million share repurchase plan.

Internet telephony provider CallWave Inc.
CALL, +7.42%
said its fiscal first-quarter net income rose to $2.9 million, or 17 cents a share, from $2.3 million, or 15 cents a share, in the year-ago period. Revenue rose 27 percent to $11 million. CallWave said it had 823,000 subscribers at the end of the latest period, up 41,000 from the previous quarter.

Canterbury Consulting Group
CITI
said that its board of directors has approved a proposal by a group of shareholders to take the company private. Under the terms of the deal, the shareholder group would pay 40 cents per share in cash to own the company. "The costs associated with remaining a small public company have become exorbitant. Public companies, like Canterbury, are subject to increasing financial, disclosure and corporate governance costs in light of the regulatory environment following the Sarbanes-Oxley Act of 2002," Kevin McAndrew, Canterbury's president, said in a statement. "We have estimated that it costs our company well over $200,000 per year to remain a public company, from which we derive very little benefit at a time in our history that we are trying to return to profitability."

Ciphergen Biosystems
CIP.H, +0.00%
posted an 82-percent drop in third-quarter earnings and a 31-percent decrease in revenue, hurt by lower sales of its ProteinChip systems and its BioSepra Process Proteomics products. The Fremont, Calif.-based biotech company said it lost $9.5 million, or 33 cents a share, in the third quarter, on sales of $11 million. In the same period last year, Ciphergen lost $5.2 million, or 18 cents a share, on revenue of $16.1 million.

CommScope Inc.
CTV, +0.36%
said that third-quarter earnings rose almost 14 times over the same quarter last year on sales that more than doubled. The company said earnings were $15.1 million, or 27 cents a share, compared with $1.1 million, or 2 cents a share, a year ago. Sales for the quarter were $309.1 million vs. $148.7 million a year earlier. Analysts polled by Thomson First Call were looking for third-quarter earnings of 20 cents a share on revenue of $309 million. CommScope said it expects fourth-quarter sales to be between $270 million and $285 million.

Compudyne
CDCY
which develops building security systems, said after the bell Monday that it swung to a loss in the third quarter on declining sales. The company's third-quarter loss was $1.9 million, or 23 cents per share. A year ago, Compudyne had earnings of $982,000 or 12 cents a share.

Polyester plastic container maker Constar International Inc.
CNST, +1.94%
said that it has settled its patent infringement lawsuit against Continental PET Technologies Inc. Constar said it was paid $25.1 million under the terms of the settlement, and that it will apply the amount to its revolving loan facility. Constar has also agreed to grant licenses to its Oxbar patents to Continental PET. Oxbar is a material used to hold oxygen-sensitive products such as juices, sauces, beer, and other items. Constar also said it has settled a similar suit against Chevron Phillips Chemical Co., agreeing to license Chevron the right to use Oxbar patents, but not for rigid polyester packages.

Continental Airlines
CAL, +0.13%
said that its passenger traffic rose 13.7 percent in October, while its load factor -- or percentage of a plane filled with paying passengers -- increased 4.8 points to 78.9 percent.

CT Communications
CTCI
increased its quarterly dividend 8 percent to 7 cents a share. The dividend is payable on Dec. 15 to shareholders of record Dec. 1.

Medical imaging products maker Digirad Corp.
DRAD, +2.26%
said its third-quarter profit was $400,000, or 2 cents a share. In the year-ago period, the company's loss was $31,279, or $2.05 a share, on far fewer shares outstanding. Revenue rose to $17.2 million from $14 million. The company sees 2004 earnings in a range of 1 cent a share to 3 cents a share, on revenue of $67 million to $70 million.

Direct General Corp.
DRCT
said its third-quarter earnings rose more than 22 percent, despite $2.3 million in hurricane losses. The financial services company said earnings were $14.3 million, or 63 cents a share, compared with $11.7 million, or 58 cents a share, a year ago. The company said its hurricane losses reduced its earnings by about 9 cents a share. Revenue for the quarter was $123.8 million vs. $81.1 million a year earlier.

Document Sciences
DOCX
said that it swung to a profit in the third quarter on higher licensing and service revenues. The Carlsbad, Calif.-based maker of document automation software said it made $205,461, or 4 cents a share, on sales of $6 million. Last year, Document Sciences lost $341,180, or 9 cents a share, on sales of $4.6 million.

Emerson Electric
EMR, +2.71%
is seen posting a fourth-quarter profit of 79 cents a share.

Ennis Inc.
EBF, +0.77%
said that it has acquired privately held Royal Business Forms for $3.7 million in stock. The company said it expects the deal to add to earnings during the first full year of operations.

Equity Office Properties
EOP
said it swung to a loss in the third quarter on increased real estate taxes and reduced revenue from lower rents. The real estate holding company said its net loss was $129 million, or 32 cents a share. Last year, Equity earned $110.2 million, or 28 cents a share. Revenue for the quarter was $790.7 million vs. $778.1 million a year earlier. The company said third-quarter funds from operations were $44.5 million, or 11 cents a share, compared with $277.7 million, or 70 cents a share, a year ago. The company reaffirmed its 2004 and 2005 outlook. Equity expects to earn between 28 cents a share and 38 cents a share in 2004. Funds from operations for 2004 are expected to be in the range of $2.05 to $2.15 a share. For 2004, Equity sees earnings in the range of 65 cents to 75 cents a share. Funds from operations in 2005 are expected to be between $2.50 a share and $2.60 a share.

ExpressJet Holdings
XJT
said that its traffic rose 21.8 percent in October, while its load factor, or percentage of a plane filled with paying passengers, added 4 points, to 74.3 percent.

FBL Financial
FFG, +0.31%
said that third-quarter net income slid 2 percent to $14.4 million, or 49 cents per share, from $14.7 million, or 51 cents a share, a year earlier. Operating earnings, which excludes realized investment gains and losses, came in at $14.2 million, or 49 cents a share, the life insurance, annuity and mutual fund firm said. FBL maintained its full-year 2004 net income and operating income guidance of $1.80 to $1.90 per share.

FindWhat.com
FWHT
said its third-quarter net income rose to $4.8 million, or 15 cents a share, from $2.8 million, or 12 cents a share, in the year-ago period. Adjusted pre-tax income was $10.2 million, or 32 cents a share, in the latest period. Revenue climbed to $58.3 million from $17.8 million. The provider of Internet-based marketing and commerce services said it expects fourth-quarter adjusted earnings of 18 cents a share to 21 cents a share on revenue of $58 million to $65 million. 2004 adjusted earnings are seen coming in at 70 cents to 73 cents a share on $168.8 million to $175.8 million in revenue.

Forest Labs
FRX, +0.11%
said that it expects 2005 earnings of $2.50 a share. A survey of 29 analysts, according to Thomson First Call, forecast a profit of $2.61 a share, with a range of $2.41 to $2.83 a share.

Franklin Electric Co.
FELE, +1.75%
said it settled a lawsuit filed by Pentair Pump Group and Sta-Rite Industries against the company. The companies had challenged Franklin's plans to distribute 4-inch submersible motor products directly to U.S. distributors and Canada, as well as its planned price changes on those motors. Under the terms of the agreement, Pentair and Sta-Rite will continue to buy most of their 4-inch submersible motors from Franklin, and to do so under the terms of previous agreements -- as amended -- between the companies.

Freddie Mac
FRE, +3.23%
said it will resume quarterly financial reporting, after forgoing the regular reports in the wake of a restatement of three years' worth of earnings. See full story.

G&K Services
GKSRA
said its first-quarter earnings rose almost 18 percent. Earnings for the quarter were $9.5 million, or 45 cents a share, compared with $8.1 million, or 39 cents a share, a year earlier. Revenue for the quarter was $182.4 million vs. $178.6 million a year earlier. Looking ahead, G&K said it expects second-quarter earnings to be between 44 cents a share and 46 cents a share on revenue in the range of $187 million and $191 million.

Gerdau Ameristeel Corp.
GNA
said that its Gerdau Ameristeel U.S. Inc. unit has acquired eight plants for $266 million, plus the assumption of $12 million in debt from Cargill and its units. Gerdeau Ameristeel said it expects to pay an additional $30 million in the next 60 days as an adjustment to the purchase price.

Hub International
HBG, +0.00%
said its subsidiary, Hub Financial, has purchased Tilco Financial for an undisclosed sum.

Getty Realty Corp.
GTY, -1.29%
said that it has entered into a 15-year triple net lease agreement with GPM Investments LLC for all 36 former DB Mart properties the company is acquiring this week. Getty Realty expects both deals to add 4 cents per share to its annual earnings, and 6 cents per share to its funds from operations.

Hutchinson Technology
HTCH
which makes disk drive parts, fell 2.8 percent to $31.98 after it reported fourth-quarter earnings of 18 cents per share on revenue of $122 million. It was expected to post earnings of 19 cents a share on revenue of $122 million.

Pharmaceutical firm Incyte Corp.
INCY, -0.32%
said it is offering 9 million shares of its common stock under a shelf registration.

Insightful Corp.
IFUL
reported third-quarter earnings of $609 million, or 5 cents per share. Last year, the company posted a loss of $990 million, or 9 cents per share. Revenue for the quarter was $4.8 million, compared with $4 million in 2003. The company forecast fourth-quarter revenue to be flat to slightly above last year's reported revenue.

International Game Technology
IGT, +3.04%
is expected to post third-quarter earnings of 33 cents a share.

Jacobs Engineering
JEC, +3.29%
said it has named Chief Executive Officer Noel Watson to be chairman. The move is effective immediately. He replaces the company's founder, who had died, according to a statement.

Personnel-management software specialist Kronos
KRON
dropped 6.9 percent to $45.15 after it reported a fourth-quarter profit of 56 cents per share on sales of $128.3 million. It was expected to earn 51 cents a share on sales of $129 million. See After Hours column.

Lincoln National
LNC, +1.96%
is seen posting a third-quarter profit of 94 cents a share.

Mapics Inc.
MAPX
reported fourth-quarter earnings of $4.1 million, or 16 cents per share, up from $893,000, or 8 cents per share, a year ago. Revenue for the quarter was $44 million, down slightly from $45 million in 2004. The company expects to report earnings between 50 cents and 55 cents per share in 2005.

Marsh & McLennan
MMC, +2.04%
is moving to collect roughly $230 million in contingency commissions and will use the money for any restitution that may arise from New York Attorney General Eliot Spitzer's probe. See full story.

Masco
MAS, +1.93%
is expected to report earnings of 63 cents a share for the third quarter.

Maxim Integrated Products
MXIM, +1.71%
reported a fiscal first-quarter profit of 42 cents per share on revenue of $435.1 million. It was expected to earn 42 cents a share on sales of $454 million. See full story.

May Department Stores
MAY, +0.00%
said that sales rose 16.8 percent in the third quarter, to $3.48 billion from $2.98 billion in the same period last year. For the month of October, sales increased almost 23 percent, to $1.09 billion from $887.3 million. Same-store sales fell 2.3 percent in October, the St. Louis-based retailer said in a statement, with dresses, coats, and intimate apparel among the weakest sellers. Excluding the remaining 15 stores May has left to divest, October same-store sales were down 2.2 percent.

Metrocorp Bancshares
MCBI, +0.00%
said that David Choi is the company's new chief financial officer. The bank holding company said Choi is replacing David Rinehart who previously resigned as CFO.

NitoMed Inc.
NTMD
said that it has submitted data from its African-American heart failure trial to the U.S. Food and Drug Administration in support of its BiDil new drug application. The company said it expects to submit the NDA amendment for the drug in the fourth quarter and that it is on schedule to support a possible launch of BiDil in early 2005. BiDil is used to treat patients suffering from heart failure.

Noble Energy
NBL, +0.86%
is seen posting a third-quarter profit of $1.13 a share.

NorthWestern Corp.
NORWP
said that it has emerged from Chapter 11 bankruptcy protection. As part of its financial restructuring, the company reduced its debt from $2.2 billion to $850 million through a debt-for-equity swap plan. NorthWestern's stock has also been approved for trade on Nasdaq, where it will begin trading on Tuesday under the ticker "NWEC."

Nuvelo Inc.
NUVO
said it has obtained worldwide rights to develop and market alfimeprase, a drug used to prevent blood clots in the legs, from Amgen Inc. (AMGN) in exchange for certain milestone and royalty payments. No further financial terms were disclosed. In Phase II trials of the drug, alfimeprase was found to have a 76-percent potential for breaking up blood clots, and to be able to restore arterial flow at rates of up to 60 percent. The drug was also seen as safe and well tolerated, Nuvelo said.

Odyssey Healthcare Inc.
ODSY
posted third-quarter earnings of $9 million, or 24 cents per share, up from $7.8 million, or 21 cents per share, a year ago. Patient service revenue for the quarter was $86.5 million, compared with $71 million in 2003.

Natural gas distributor Oneok
OKE, +2.08%
said its third-quarter net income soared to $20.8 million, or 19 cents a share, from $4.6 million, or 1 cent a share, in the same quarter last year. The per-share figure in the latest period topped by 1 cent the average estimate of analysts polled by Thomson First Call. Revenue rose to $1.73 billion from $568.3 million. The company raised its 2004 earnings outlook to a range of $2.25 a share to $2.31 a share from its previous estimate of $2.18 to $2.24 a share. Oneok also raised its 2005 earnings forecast to a range of $2.22 a share to $2.28 a share.

PG&E
PCG, +13.68%
is seen posting a third-quarter earning of 53 cents a share.

Real estate firm Parkway Properties Inc.
PKY, +0.00%
said its third-quarter net income declined to $2.6 million, or 23 cents a share, from $10.8 million, or 96 cents a share, in the same quarter last year. Funds from operations rose to $13.8 million, or $1.13 a share, from $13 million, or $1.14 a share. Revenue rose to $42.7 million from $35.8 million. For 2004, the company expects earnings in a range of $1.88 a share to $1.94 a share, and funds from operations of $4.43 a share to $4.49 a share. In 2005, the company expects a profit of $1.96 to $2.08 a share, and funds from operations of $4.37 to $4.57 a share.

People's Bank
PBCT, +2.31%
said that its R.C. Knox unit has received a subpoena from the Connecticut attorney general as part of an antitrust investigation related to contingency commissions. The company said the subpoena does not allege any illegal conduct.

Priceline.com
PCLN
is expected to report a profit of 27 cents a share for the third-quarter.

Primus Telecommunications Group
PRTL
posted a third-quarter earnings of $16 million, or 16 cents per share, up from $5.8 million, or 6 cents per share, a year ago. Revenue for the quarter was $334 million, compared with $328 million in 2003.

Principal Financial Group
PFG, +2.22%
an operator of mutual funds, said its third-quarter net income jumped 62 percent to $298.8 million, or 95 cents per share, from $184.5 million or 57 cents a share a year earlier. The company said it's in a position to exceed its long-term earnings growth target of 11 percent to 13 percent a year.

Protein Design Laboratories
PDLI, -1.89%
reported a net loss of $13.6 million, or 14 cents per share, compared with a loss of $18.9 million or 20 cents a share for the same period a year ago. See full story.

Prudential Financial
PRU, +1.20%
is seen reporting earnings of 77 cents a share for the third quarter.

Rudolph Technologies Inc.
RTEC, +2.26%
said its third-quarter net income rose to $2.19 million, or 13 cents a share, from $465,000, or 3 cents a share, in the year-ago period. Revenue rose to $21.8 million from $14.2 million. The maker of semiconductor manufacturing equipment said it expects fourth-quarter earnings in the range of 9 cents a share to 11 cents a share, on revenue that should be flat to 5 percent above the third-quarter total, or about $22.9 million.

Scientific Games Corp.
SGMS, +3.42%
reported third-quarter earnings of $21.5 million, or 24 cents per share, up from $13.2 million, or 15 cents per share, a year ago. Revenue for the quarter was $179 million, compared with $132 million in 2003. The company raised its forecast for 2004, with an earnings estimate of 84 cents to 88 cents per share, up from 78 cents to 83 cents per share, and a revenue forecast of $715 million to $725 million, up from its earlier outlook of $690 million to $720 million.

Funeral and cemetery firm Service Corp.
SCI, +1.72%
said it has received court approval for a class-action settlement it agreed to in December 2003, related to two of its Florida cemeteries. Under the terms of the settlement, Service Corp. is to make payments of $100 million. The company also said it has reached a settlement agreement with additional Florida plaintiffs who were not part of the class action

Smart & Final Inc.
SMF, -0.37%
said that that third-quarter earnings rose more than 12 times over the same period last year, boosted by a 12-percent rise in same-store sales. The food retailer said earnings were $11.7 million, or 36 cents a share, compared with $916,000, or 3 cents a share, a year earlier. Sales for the quarter were $603.2 million vs. $538.4 million a year ago.

SpectraSite Inc.
SSI, +7.32%
said it has named former 3Com Corp.
COMS
Chief Financial Officer Mark Slaven to be its CFO. The move is effective immediately, the company said.

SRA International
SRX, +1.59%
said that first-quarter net income rose 59 percent on increased backlog orders. Earnings for the quarter were $12.4 million, or 45 cents a share, compared with $7.8 million, or 29 cents a share, a year ago. Revenue for the quarter was $203.5 million vs. $132 million a year earlier. SRA said it expects second-quarter earnings to be between 44 cents a share and 46 cents a share on revenue in the range of $197 million to $202 million. The company said for 2005 it sees earnings between $1.82 a share and $1.92 a share on revenue in the range of $800 million to $830 million.

Sykes Enterprises
SYKE, +0.07%
said that third-quarter earnings fell on declining sales. Earnings for the quarter were $1.1 million, or 3 cents a share, compared with $3.9 million, or 10 cents a share, a year earlier. Revenue for the quarter was $111.5 million vs. $119.9 million a year earlier. For the fourth quarter, the company expects earnings in the range of breakeven to 2 cents a share on revenue between $110 million and $115 million. Sykes said for 2004 it sees earnings between 6 cents a share and 8 cents a share on revenue between $456 million to $461 million.

Terra Industries
TRA, -8.33%
said it will shut down its methanol plant in Beaumont, Texas, on Dec. 1. The company said that 40 workers will lose their jobs, though some will be kept on for other operations. The cost of shutting down the plant could run up to $5 million.

Automobile engine and fuel system component maker Tesma International
TSMA
(TSM.A) said its third-quarter net income fell 23 percent to $12.3 million, or 38 cents a share, from $15.9 million, or 49 cents a share, in the same quarter last year, due to a dramatic rise in steel prices. On average, three analysts polled by Thomson First Call were expecting a profit of 45 cents a share. Sales rose 27 percent to $323.5 million. The company expects 2004 revenue to increase by 25 percent over the year-earlier total of $1.098 billion, equating to a projection of about $1.37 billion.

Trump Hotels & Casinos
DJTC
said that Beal Bank will arrange $100 million in interim financing that will be secured by a lien on the all of the company's assets. The proceeds will be used for business operations, such as wages and capital expenditures.

Willbros Group
WG., -0.18%
narrowed its third-quarter loss on rising sales. The oil and gas contractor said its quarterly loss was $5 million, or 24 cents a share, compared with $8.7 million, or 42 cents a share, a year ago. Revenue for the quarter was $118.5 million vs. $91.5 million a year earlier. Willbros said for 2004 it expects to report a loss between 20 cents a share and 27 cents a share on revenue in the range of $450 million to $475 million.

World Airways
WLDA, +10.71%
and Menlo Worldwide Forwarding said that the U.S. Department of Transportation and the Civil Aviation Administration of China have approved the companies' plan to provide weekly cargo service between Dayton, Ohio and Shanghai. The approval is part of a U.S.-China aviation agreement signed earlier this year.

Insurance firm XL Capital Ltd.
XL, +0.00%
said its third-quarter net income fell to $22.5 million, or 16 cents a share, from $99 million, or 71 cents a share, in the same quarter last year. The figure includes a $420.1 million after-tax charge related to damage from hurricanes during the period. Net investment income rose 33 percent to $253.1 million

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